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The dam and hydroelectric plant are managed by TransAlta. The plant produces 394,000 MW·h per year, with a capacity of 355 megawatts.[1] Brazeau Reservoir is the largest hydroelectric plant owned by TransAlta.

An unusual feature of this hydroelectric development commissioned in 1965 is a pump system capable of lifting water from the reservoir into the 20 kilometres (12 mi) long canal leading to the power plant so that it can operate at low reservoir water levels.